The condominium is still quite popular in Quebec as it is a less expensive habitation to acquire. This condo fever was well-established in Montreal since several years, but it has now spread throughout all the regions of Quebec. New building sites are going well and at the resale level it is the only component that continues to grow. Affordability has got a lot to do with it.
The figures provided by the CMHC show that co-ownership has been a particularly big success in the greater region of Montreal, but the South and North Shore sectors stand out even more with even more affordable prices. The attraction of the suburbs continues to make itself felt because the net migratory balance for the island of Montreal has been negative at -8 728, and the suburbs such as Laval, Lanaudière, the Laurentians and the Montérégie have registered a net migratory balance of +29 011. Another fact has been noticed: to this day, the price increase for gasoline does not seem to have affected the acquisition of property in the suburbs.
Another data which will influence demand for housing is the number of households which has increased by 8 % from 2001 to 2006, and the number of households made up of one person has increased by 10 % for the same period.